Senators Arlen Specter (R-Pa.) and Charles E. Grassley (R.-Iowa) last week accused the Securities and Exchange Commission of fumbling an insider trading investigation last year involving Pequot Capital Management.

Specter and Grassley commented on the termination of former SEC attorney Gary Aguirre, who was fired after he complained that the Inspector General had allowed politics to interfere with the process of his investigation, according to the Washington Post.

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